NEW YORK (MarketWatch) — Shares of Ambac surged 20% at the open Friday, while
rival MBIA Inc. rose 9.5% as Standard & Poor’s affirmed its AA ratings on both
bond insurers. Lehman Brothers shares also gained 5.8% in early action after a
regulatory disclosure Thursday showed billionaire George Soro’s hedge fund had
significantly raised its stake in the firm. [...]
Ambac: Made Mistakes But Learned From Them, Now Simpler Co.
Last Update: 6/4/2008 3:59:07 PM
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Co released selected pre-tax financial data for the month of April 2008. Ambac’s impairment analysis is performed on a quarterly basis. As such, the monthly data does not reflect the results of the quarterly credit review. “Ambac has chosen to further strengthen its communications with its stakeholders via a monthly financial snapshot. This initiative will [...]
Ambac April 30 Portfolio At Fair Value $10.9B
Last Update: 5/28/2008 9:34:04 AM
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SAN FRANCISCO (MarketWatch) — Investment managers of State Street Corp.’s State
Street Bank & Trust Co. reported a passive 6.9% stake in bond insurer Ambac Inc.
, according to a Securities and Exchange Commission filing on Monday. The filing
said that a State Street managed investment fund had just over 7 million shares
of Ambac. The holding was reported [...]
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